Insider Selling: Hilton Worldwide Holdings Inc. (NYSE:HLT) Insider Sells 14,357 Shares of Stock

Hilton Worldwide Holdings Inc. (NYSE:HLT) insider Michael W. Duffy sold 14,357 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $235.73, for a total transaction of $3,384,375.61. Following the completion of the transaction, the insider now owns 22,833 shares of the company’s stock, valued at $5,382,423.09. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hilton Worldwide Stock Up 0.4 %

Shares of Hilton Worldwide stock traded up $0.90 on Friday, hitting $236.11. The stock had a trading volume of 1,055,818 shares, compared to its average volume of 1,562,493. The business’s 50 day moving average is $225.01 and its two-hundred day moving average is $214.09. Hilton Worldwide Holdings Inc. has a twelve month low of $148.25 and a twelve month high of $240.00. The stock has a market cap of $59.04 billion, a price-to-earnings ratio of 51.39, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31.

Hilton Worldwide (NYSE:HLT) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.07. Hilton Worldwide had a negative return on equity of 69.65% and a net margin of 11.20%. The firm had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the firm posted $1.67 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities analysts predict that Hilton Worldwide Holdings Inc. will post 7.05 earnings per share for the current fiscal year.

Hilton Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 15th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.25%. Hilton Worldwide’s dividend payout ratio is currently 13.04%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HLT. Robert W. Baird upped their price target on shares of Hilton Worldwide from $235.00 to $236.00 and gave the company an “outperform” rating in a report on Thursday. Melius cut shares of Hilton Worldwide from a “buy” rating to a “hold” rating in a report on Monday. Truist Financial upped their price target on shares of Hilton Worldwide from $208.00 to $220.00 and gave the company a “hold” rating in a report on Thursday. Bank of America boosted their price objective on shares of Hilton Worldwide from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company cut their price objective on shares of Hilton Worldwide from $237.00 to $232.00 and set an “equal weight” rating on the stock in a research report on Thursday. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Hilton Worldwide currently has an average rating of “Hold” and an average price target of $223.21.

Institutional Trading of Hilton Worldwide

Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its position in Hilton Worldwide by 2.1% in the second quarter. Principal Financial Group Inc. now owns 9,326,879 shares of the company’s stock valued at $2,035,125,000 after purchasing an additional 190,429 shares during the last quarter. JPMorgan Chase & Co. raised its position in Hilton Worldwide by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 8,044,198 shares of the company’s stock valued at $1,715,908,000 after purchasing an additional 761,104 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Hilton Worldwide by 36.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,754,647 shares of the company’s stock valued at $1,037,464,000 after purchasing an additional 1,282,676 shares during the last quarter. Capital World Investors raised its position in Hilton Worldwide by 66.3% in the first quarter. Capital World Investors now owns 3,127,600 shares of the company’s stock valued at $667,148,000 after purchasing an additional 1,246,662 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Hilton Worldwide by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 2,817,770 shares of the company’s stock valued at $614,841,000 after purchasing an additional 200,329 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Hilton Worldwide Company Profile

Hilton Worldwide Holdings Inc, a hospitality company, engages in managing, franchising, owning, and leasing hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates luxury hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, and Conrad Hotels & Resorts brand; lifestyle hotels under the Canopy by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Tempo by Hilton, and Motto by Hilton brand; full service hotels under the Signia by Hilton, Hilton Hotels & Resorts, and DoubleTree by Hilton brand; service hotels under the Hilton Garden Inn, Hampton by Hilton, and Tru by Hilton brand; all-suite hotels under the Embassy Suites by Hilton, Homewood Suites by Hilton, and Home2 Suites by Hilton brand; and economy hotel under the Spark by Hilton brand, as well as Hilton Grand Vacations.